SPAC linked to Trump's social media venture surges for second day [Financial Post (Toronto, Ontario, Canada)]
GameStop Corporation (GME)
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Source: Financial Post
President Donald Trump's new social media venture soared again on Friday, more than doubling in value with trading halted multiple times due to volatility. Digital World Acquisition, a Miami-based special purpose acquisition company (SPAC), closed up 107% at $94.20 on Nasdaq after earlier hitting a high of $175. Elon Musk is on track to become the world's first trillionaire Advertisement Digital World soared more than 350% https://www.reuters.com/technology/trump-strikes-spac-deal-new-social-media-platform-shares-soar-2021-10-21 on Thursday, a day after the deal was announced https://www.reuters.com/world/us/former-us-president-donald-trump-launches-new-social-media-platform-2021-10-21, giving it a market capitalization of almost $1.5 billion on news it would merge with Trump's media company to create a social media app called TRUTH Social. Advertisement Article content Its recent trading was reminiscent of the meme stock frenzy earlier this year, when an army of retail
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- Trump Media asks lawmakers to investigate possible "unlawful trading activity" in its DJT stock [CBS News]CBS News
- Memecoins are back, and the returns are so big that even hedge funds can't resist [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Are Succumbing to Mind-Boggling Returns of Memecoins [BNN Bloomberg (Canada)]BNN Bloomberg
GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- GME's page on the SEC website